Negative inflation

Consumer Price Inflation, April 2015: ONS

  • The Consumer Prices Index (CPI) fell by 0.1% in the year to April 2015, compared to no change (0.0%) in the year to March 2015.
  • This is the first time the CPI has fallen over the year since official records began in 1996 and the first time since 1960 based on comparable historic estimates.
  • The largest downward contribution came from transport services – notably air and sea fares, with the timing of Easter this year a likely factor.
  • The Retail Prices Index (not a National Statistic) grew by 0.9% in the year ending April 2015, unchanged from March 2015.
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